On March 16, 2026, IAC Inc., a Delaware corporation, announced the completion of the sale of its wholly owned subsidiary, Care.com, Inc., to Care Parent, LLC, an indirect wholly owned subsidiary of Pacific Avenue Capital Partners. This transaction was executed under a Stock Purchase Agreement, which was previously disclosed. The sale is expected to allow IAC to streamline its operations and focus on its core business areas, potentially leading to improved financial performance in the future. The decision to divest Care.com aligns with IAC's strategic objectives to enhance shareholder value and concentrate on its primary growth initiatives. The financial terms of the deal were not disclosed, but the move is seen as a positive step towards optimizing IAC's portfolio and operational efficiency. Investors and analysts will be keenly observing the impact of this divestiture on IAC's future earnings and market position.

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